Friday, November 5, 2010

Hecla (NYSE:HL), Coeur d'Alene (NYSE:CDE), Compania de Minas (NYSE:BVN) Rise on Fed's QE2

Hecla (NYSE:HL), Coeur d'Alene (NYSE:CDE), Compania de Minas (NYSE:BVN) all surged Thursday on the actions of the Federal Reserve which will inflate the economy, driving up the broader commodity market, along with individual companies within each sector, including silver miners.

The majority commodity prices rose, including silver, which rose to over $26 an ounce. Gold prices rose to all-time records again, approaching the $1,400 an ounce mark, while aluminum increased to levels not seen since April.

Hecla closed at $7.68 Thursday, rising $0.732, or 10.34 percent. Coeur d'Alene surged to close at $22.22, gaining $1.21, or 5.76 percent. Compania de Minas was up $53.46 at the end of the day, increasing by $1.45, or 2.79 percent.

No comments: